Tuesday, August 24, 2004

AN ALTERNATIVE WAY TO PAY FOR THE WAR

The Left Business Observer calculates that the war has cost each American household $1,646 so far and, including future costs of occupation and reconstruction, that can be expected to rise to $3,416.

Since this war is in, no small part, about oil, it might make more sense to pay for it at the pump than through the tax system.

Estimates of the cost of the Iraq war, including future occupation and reconstruction run between $400 and $600 billion, of which about $160 billion has already been spent.

Since we buy about 130 billion gallons of gas a year we could pay for past Iraqi war costs by a simple $1.25 tax on each gallon of gas. Adding another one or two dollars a gallon should cover future expenses pretty well. - SAM SMITH

From THE PROGRESSIVE REVIEW
Washington's Most Unofficial Source


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